Word: pullbacks
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Dates: during 1990-1999
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...investor who bought at the worst moment (the day before one of those declines) got even in six months--and has shared in Microsoft's glory ever since. The stock has doubled three times in the past four years. Microsoft is now in the midst of a 14% pullback that began a month ago. History suggests this is a buying opportunity. "The value of the enterprise more than offsets the risk of the antitrust suit," says Jonathan Cohen, tech analyst at Merrill Lynch. He hasn't budged from his buy rating. Neither has Art Russell, tech analyst at Edward Jones...
Well, no, most experts agree, at least if you have more than a few thousand dollars in the market. For starters, few deny that the rampaging U.S. market is long overdue for some kind of pullback. The benchmark Standard & Poor's 500 hasn't suffered even a 10% decline in seven years, two times the second longest such period. A lot of good things are happening in the U.S. economy, including low inflation and rising profits. But even if U.S. stocks can avoid a tumble, they certainly cannot keep doubling every three years, as they recently did. And even compared...
...there was any gloating at The New York Times, Washington Post or Los Angeles Times over executive editor Jerry Ceppos' abject pullback from the San Jose Mercury News's series about the crack-contra link, there shouldn't have been. Gary Webb's stories were seriously flawed, but so were the stories those papers produced in an attempt to debunk him. All three, to a greater or lesser extent, committed the same journalistic sin for which they indicted the Mercury News: playing up evidence that Webb was wrong while burying proof to the contrary...
...week later, Palestinians were stung again when Netanyahu announced that Israel would fulfill its obligation to make another partial pullback from the West Bank but would vacate just 9% of the land still under occupation--of which only 2% was not already under shared Israeli-Palestinian authority. Israeli nationalists were up in arms again at the "giveaway," while Palestinians had expected to retrieve at least 20% or 30% of the West Bank. Arafat was so enraged that he rejected the handover and refused to take any calls from Netanyahu...
...were doing a pullback dribble. I passed the ball to [Grancio], and wanted to go out on a flare," said Hill, who led the Crimson with 14 points and five assists. "My defender started to jump by the screen, so I drove in, and Chris made a good pass. It was kind of an instinctive play...